Clayton Williams Energy shares traded as high as $69.37 on Wednesday Midland, Texas-based Clayton Williams Energy, Inc. may be putting itself up for sale after announcing that it has begun a review of “strategic alternatives” and hired Goldman, Sachs & Co. to provide advice. Clayton Williams Energy, Inc. (the “Company”) (NYSE:CWEI) today announced that its Board of Directors […]
Clayton Williams Energy may be exploring sale Read More »
Rapidly dropping cost of advanced batteries a primary driver of grid-tied energy storage market Since the sun doesn’t always shine and the wind doesn’t always blow, there is a growing market for utility-scale energy storage, which is expanding because battery systems are getting better and cheaper, according to a new report from Navigant Research. The study examines the market
Energy storage systems help drive expansion of wind, solar power – study Read More »
Energy department investment in cyber security projects with Univ. of Arkansas, Univ. of Illinois Cyber security is increasingly a concern for American businesses, including the nation’s electric grid and oil and natural gas infrastructure. The US Energy Department will spend more than $34 million on two projects intended to help protect that infrastructure from cyber security threats. The
Cyber security of energy infrastructure: Energy Dept. invests $34 million in R&D Read More »
Indonesia produced about 790,000 b/d of crude oil, condensates in 2014, third-lowest level among OPEC countries The Organization of the Petroleum Exporting Countries (OPEC) notified Indonesia that it plans to accept the country’s request to reactivate its membership at the next OPEC meeting in December, according to the US Energy Information Administration. Once it rejoins,
Indonesia rejoining OPEC despite being a net importer of petroleum Read More »
Basic Energy expect Q3 2015 revenues to be in line with previous guidance of 4 – 5% lower Texas-based Basic Energy Services says low oil prices have forced the company to keep prices down in order to maintain market share and keep equipment working. In a report on its operations for Sept,, Basic Energy said the
Basic Energy Services: Unchanged rig count, but utilization rate way down Read More »
Natural gas pipelines to Turkey, Europe from Iran and Iraq are a future possibility Construction or preliminary work has begun on three new pipelines designed to flow new supplies of natural gas from Azerbaijan to consumers in Turkey, Bulgaria, Greece, and Italy, according to the US Energy Information Administration. For more than a decade, companies
New natural gas pipelines will move gas from Azerbaijan to southern Europe Read More »
More than 50,000 fuel cells were shipped worldwide in 2014, while sales were up almost $1 billion, reaching $2.2 billion total The fuel cell industry is growing rapidly – almost doubling sales last year – and Washington is betting there will be plenty more growth in coming years. According to the US Energy Department’s 2014
Energy Department invests more than $20 million to advance fuel cell technologies Read More »
Declining methane emissions argue against draconian regulations proposed by Environmental Protection Agency New data released by the U.S. EPA show that methane emissions from oil and natural gas systems have fallen for at least the third year in a row, even as domestic production has boomed. According to the EPA’s Greenhouse Gas Reporting Program (GHGRP), methane
Methane emissions from fracking still declining – EPA Read More »
Less use of fuel oil for power generation and space heating Health and environmental concerns over the high sulfur content of residual fuel oil have led to new policies and regulations that have significantly lowered global demand, according to the US Energy Information Administration. As the demand for fuel oil declines, the need for the refining upgrades to
Global consumption of cheap, polluting fuel oil is declining Read More »
TransCanada says Ironwood is high efficiency, combined cycle power plant that fits well with NE Coast expansion plans TransCanada Corporation has announced that it has reached an agreement to acquire the Ironwood natural gas-fired, combined cycle power plant in Lebanon, Pennsylvania, with a nameplate capacity of 778 megawatts (MW), from Talen Energy Corporation for US$654 million. At
TransCanada buying Pennsylvania natural gas power plant in midst of Marcellus Read More »
